Agency
In Arkansas, when a licensee works with a buyer but has NO written buyer-agency agreement, the licensee is presumed to be:
AA dual agent representing both parties
BA subagent of the listing broker representing the seller✓ Correct
CAn independent contractor with no duties to either party
DAn agent of the buyer by implied agreement
Explanation
Without a written buyer-agency agreement, a cooperating licensee may be treated as a subagent of the listing broker and therefore represents the seller's interests, not the buyer's.
Related Arkansas Agency Questions
- The duty of obedience in an agency relationship requires the agent to:
- The duty of confidentiality survives the termination of the agency because:
- An agent's authority to bind the principal in contract is called:
- The agency disclosure form in Arkansas must be provided to a prospective buyer or seller:
- Which of the following is NOT a fiduciary duty owed by an agent to their client?
- An agent's duty to disclose requires the agent to share all information that is:
- Arkansas law requires dual agency to be disclosed and consented to in:
- An agent who continues to act on behalf of the principal after the agency has been revoked may be liable for:
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